Thrive Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $219,000.
Other large investors also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC boosted its holdings in Ollie’s Bargain Outlet by 26.8% in the 4th quarter. Diversify Wealth Management LLC now owns 8,651 shares of the company’s stock valued at $920,000 after purchasing an additional 1,830 shares during the last quarter. LVW Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $627,000. Everpar Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $319,000. Legacy Wealth Asset Management LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth approximately $323,000. Finally, Heritage Family Offices LLP increased its stake in Ollie’s Bargain Outlet by 104.8% during the fourth quarter. Heritage Family Offices LLP now owns 5,604 shares of the company’s stock worth $615,000 after acquiring an additional 2,868 shares during the last quarter.
Insider Activity at Ollie’s Bargain Outlet
In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock valued at $9,650,832 over the last quarter. 0.87% of the stock is owned by insiders.
Ollie’s Bargain Outlet Price Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.
Analysts Set New Price Targets
OLLI has been the subject of a number of research analyst reports. Craig Hallum increased their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler upped their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Loop Capital lifted their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $118.62.
View Our Latest Stock Analysis on Ollie’s Bargain Outlet
About Ollie’s Bargain Outlet
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.
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